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  • FIRST POST
    • Sconeyj
    • By Sconeyj 10th Jan 18, 1:56 PM
    • 10Posts
    • 54Thanks
    Sconeyj
    NatWest 125 switch incentive
    • #1
    • 10th Jan 18, 1:56 PM
    NatWest 125 switch incentive 10th Jan 18 at 1:56 PM
    Just as I thought I'd exhausted every bank...up pops NatWest with a switch offer! 125 for switching, and no direct debits required. All you need to do is:
    • switch a non-NatWest account
    • deposit 1,500
    • log into online or mobile banking
    All before 16 March (although you need to apply for the account by 16 February).


    Happy days!
Page 1
    • B_G_B
    • By B_G_B 10th Jan 18, 2:24 PM
    • 430 Posts
    • 441 Thanks
    B_G_B
    • #2
    • 10th Jan 18, 2:24 PM
    • #2
    • 10th Jan 18, 2:24 PM
    About half way down. The big red bit.
    https://beta.natwest.com/personal/current_accounts.html
    • beefturnmail
    • By beefturnmail 10th Jan 18, 3:12 PM
    • 703 Posts
    • 223 Thanks
    beefturnmail
    • #3
    • 10th Jan 18, 3:12 PM
    • #3
    • 10th Jan 18, 3:12 PM
    Full t & c here: https://beta.natwest.com/content/dam/natwest/personal/current-accounts/documents/Switching_Offer_Terms_2018.pdf.

    My understanding is that it is limited to one incentive per customer - so you can't get it twice by (say) switching a joint account and a sole account
    • binaryuniverse
    • By binaryuniverse 10th Jan 18, 3:18 PM
    • 685 Posts
    • 433 Thanks
    binaryuniverse
    • #4
    • 10th Jan 18, 3:18 PM
    • #4
    • 10th Jan 18, 3:18 PM
    Just as I was about to give my credit files a rest.

    Tempted to just switch out Co-Op, as I may be dropping that once the Tesco DDs end anyway.
    • beefturnmail
    • By beefturnmail 10th Jan 18, 3:22 PM
    • 703 Posts
    • 223 Thanks
    beefturnmail
    • #5
    • 10th Jan 18, 3:22 PM
    • #5
    • 10th Jan 18, 3:22 PM
    Just as I was about to give my credit files a rest.

    Tempted to just switch out Co-Op, as I may be dropping that once the Tesco DDs end anyway.
    Originally posted by binaryuniverse
    Same here. I might switch halifax instead for the same reason though I have a regular saver with them and can't remember if holding a current account is a condition of that
    • vacheron
    • By vacheron 10th Jan 18, 3:25 PM
    • 831 Posts
    • 764 Thanks
    vacheron
    • #6
    • 10th Jan 18, 3:25 PM
    • #6
    • 10th Jan 18, 3:25 PM
    6 in fees (assuming you leave after the payment on April 13th) for 125 back. I'll take that!
    Last edited by vacheron; 10-01-2018 at 3:28 PM.
    The rich buy assets.
    The poor only have expenses.
    The middle class buy liabilities they think are assets.
    Robert T. Kiyosaki
    • fabsaver
    • By fabsaver 10th Jan 18, 3:35 PM
    • 865 Posts
    • 1,370 Thanks
    fabsaver
    • #7
    • 10th Jan 18, 3:35 PM
    • #7
    • 10th Jan 18, 3:35 PM
    6 in fees (assuming you leave after the payment on April 13th) for 125 back. I'll take that!
    Originally posted by vacheron
    There is no monthly fee with the Select account.
    • BritOnABudget
    • By BritOnABudget 10th Jan 18, 3:36 PM
    • 59 Posts
    • 495 Thanks
    BritOnABudget
    • #8
    • 10th Jan 18, 3:36 PM
    • #8
    • 10th Jan 18, 3:36 PM
    Just as I thought I'd exhausted every bank...up pops NatWest with a switch offer! 125 for switching, and no direct debits required. All you need to do is:
    • switch a non-NatWest account
    • deposit 1,500
    • log into online or mobile banking
    All before 16 March (although you need to apply for the account by 16 February).


    Happy days!
    Originally posted by Sconeyj
    How many times have you switched?
    House Deposit: 5,015.37
    Make 2018 in 2018 - 1399.45/2018
    Save 7k in 2018 #25
    Emergency Fund - 0/1000 = 90%
    • beefturnmail
    • By beefturnmail 10th Jan 18, 3:40 PM
    • 703 Posts
    • 223 Thanks
    beefturnmail
    • #9
    • 10th Jan 18, 3:40 PM
    • #9
    • 10th Jan 18, 3:40 PM
    2 accounts now opened (for myself and OH). So I will wait until getting the Feb reward payment from Co-op\Halifax before switching - reckon I can squeeze in the March reward too and still switch before 16 March?
    • fabsaver
    • By fabsaver 10th Jan 18, 3:50 PM
    • 865 Posts
    • 1,370 Thanks
    fabsaver
    This is perfect timing, with the 250 Yorkshire bank switching bonus having paid out this week.
    I was undecided about keeping the account and this has helped to make the decision for me

    I wonder if NatWest deliberately timed it that way.
    • Sconeyj
    • By Sconeyj 10th Jan 18, 4:07 PM
    • 10 Posts
    • 54 Thanks
    Sconeyj
    How many times have you switched?
    Originally posted by BritOnABudget

    This will be my 9th switch, taking switching earnings to 1,330!
    • Mchambers
    • By Mchambers 10th Jan 18, 4:13 PM
    • 988 Posts
    • 308 Thanks
    Mchambers
    Oh my next victim. Already applied successfully. Nice easy 125. I have asked for my Yorkshire bank account to be switched. Not worth keeping as I have got my 250 bonus.
    • Ken68
    • By Ken68 10th Jan 18, 4:46 PM
    • 6,394 Posts
    • 4,084 Thanks
    Ken68
    Thanks Sconey. Done. Accepted.
    Ironically Nat West was my first donor account for switching away.
    Have moved Halifax.
    • eschaton
    • By eschaton 10th Jan 18, 5:08 PM
    • 1,771 Posts
    • 1,549 Thanks
    eschaton
    Excellent. Got an M&S account ready to switch in 2 months time but if no DD's are required then I'll switch my last spare TSB Enhance account.
    • 20aday
    • By 20aday 10th Jan 18, 5:18 PM
    • 2,208 Posts
    • 914 Thanks
    20aday
    Thank you very much for this!
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
    • Zanderman
    • By Zanderman 10th Jan 18, 5:58 PM
    • 1,608 Posts
    • 4,140 Thanks
    Zanderman
    Thanks OP

    NatWest offering an incentive! Wow.

    I was a little worried by that 'beta' in the web address - wondered briefly if this was some page they were just experimenting with (i.e. beta testing) and not meant to be found.

    But I went to their home page and followed the links through to current accounts - and all of them seem to be prefixed with beta, so I was over-worrying. Plus the T&C clearly state the offer starts today, 10th Jan, too.
    • Ashen
    • By Ashen 10th Jan 18, 6:03 PM
    • 481 Posts
    • 334 Thanks
    Ashen
    From the looks of it, you need a passport or drivers license?
    • The MoneySavingKid
    • By The MoneySavingKid 10th Jan 18, 6:23 PM
    • 328 Posts
    • 210 Thanks
    The MoneySavingKid
    From the looks of it, you need a passport or drivers license?
    Originally posted by Ashen
    That's if using the online verification method, during the application there is an option to go into branch instead, where it said alternatives may be possible. I'm not sure what alternatives to those to forms of ID in branch would be though.
    • anna42hmr
    • By anna42hmr 10th Jan 18, 6:46 PM
    • 2,463 Posts
    • 1,086 Thanks
    anna42hmr
    Thanks for this heads up. Can you apply for this and then switch later or do you apply for the switch at same time as the application.. Wondering whether to apply now as will be using my Yorkshire accounts the switching one, but just waiting on the incentive pay out, don!!!8217;t want to risk the Yorkshire payment.
    MFW # 105
    2015 Target 7000/ Overpaid 8095
    2016 Target 6000 / Overpaid 6983.24
    2017 Target 3500 / Overpaid 3583.12
    2018 Target 2500 / OP so far 1076.30 as at May
    Total OP since mortgage started in 2015 = 19,737.66
    • MABLE
    • By MABLE 10th Jan 18, 7:06 PM
    • 3,548 Posts
    • 1,866 Thanks
    MABLE
    Well after my success with YB thought I would give Natwest a try. I was accepted with no issues and they offered me a 4,000 overdraft facility but not interested. Only in it for the bonus.

    Also did not want to use the YB account for switching as opened recently so decided to use the NW account and that one is never used.

    I did have a bank account with them and closed it in 1976 so hopefully this will not barr me.
    Last edited by MABLE; 10-01-2018 at 10:19 PM.
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